Political Quotes

“So here we have a nation today that has a grotesque level of income and wealth inequality--worse than at any time since the late 1920s. The top one-tenth of 1 percent now owns almost as much wealth as the bottom 90 percent, and 62 percent of all new income is going to the top 1 percent. The Republicans' solution is to make this grotesque inequality even worse by giving 62 percent of the tax benefits to the top 1 percent. I want to get back to this one point. I suspect that when you rush a bill of this magnitude through the U.S. Senate when there have been virtually no hearings, no experts, no real ability to have significant debate and discussion at the committee level, what you are going to find the day after this bill is passed are absolutely outrageous provisions. I suspect--I don't know, and I would like my Republican colleagues to help us here; I cannot verify because we don't have the information-- that on page 503, section 14504, there is a provision that will provide $600 million in tax breaks over a 10-year period that will end up in the pockets of a handful of Wall Street hedge fund managers. That is what I suspect. Maybe I am wrong. Therefore, I hope that some of the Republicans who put this provision in the bill will tell us how this is going to benefit the people of the United States or the Virgin Islands or anyplace else. Again, I am speaking to the ranking member of the Senate Finance Committee, who knows something about this.…”